Toyota Motor Corporation has announced plans to establish a new manufacturing plant in India, set to become their third facility in the country. The plant is expected to add an annual production capacity of 100,000 units by 2026, significantly increasing the company’s footprint in the fast-growing Indian automotive market. This expansion will take Toyota’s total…
The Government of Pakistan has agreed to phase out the Rs. 140 billion gas subsidy for protected and some non-protected consumers, as part of a structural reform plan aligned with the International Monetary Fund (IMF) agreement. The adjustment forms a key component of broader energy sector reforms aimed at improving efficiency and fiscal sustainability. Currently,…
In a notable effort to narrow Pakistan’s technological divide, TallyMarks Consulting (TMC) recently hosted a session titled “AI Now Simplified for SMEs” at the Aiwan-e-Iqbal Complex in Lahore. This event gathered a varied audience including business owners, corporate leaders, and academic experts, focusing on making artificial intelligence more accessible and practical for small and medium-sized…
The Punjab government has introduced a new permit system allowing teenagers aged 16 to 18 to ride motorcycles legally under a special restricted authorization, rather than a full driving license. This decision was ratified during a recent provincial cabinet meeting through amendments to the Punjab Motor Vehicle Ordinance 1965 and Punjab Motor Vehicle Rules 1969….
India has decided not to increase import duties on gold and silver, according to a government source, despite recent calls by Prime Minister Narendra Modi to discourage gold purchases for a year in light of the ongoing Iran war and its economic impacts. As the world’s second-largest gold consumer and the largest buyer of silver,…
Google has officially removed FAQ rich results from most search listings starting May 7, 2026. The search giant quietly updated its Search Central structured data guidelines without a formal announcement, signaling a significant shift in how FAQ content will appear in Google Search. FAQ rich results, which displayed expandable dropdowns for frequently asked questions directly…
Small Modular Reactors (SMRs) are facing significant economic challenges that hinder their potential to lead the energy transition, despite technological advancements. While SMRs offer the promise of firm nuclear power, they struggle to compete with renewable energy sources in terms of investment appeal, scalability, and return timelines. The primary obstacle for SMRs is no longer…
Millat Tractors Limited has made a strategic move towards enhancing sustainable transportation in Pakistan by signing a Memorandum of Understanding (MoU) to start local production of electric bikes. This development represents a significant milestone in Pakistan’s electric vehicle (EV) sector. The agreement was reached with a leading Chinese electric bike manufacturer, enabling Millat Tractors to…
Lumen Technologies has announced its agreement to acquire Alkira, a Lahore-founded cloud networking startup, in an all-cash deal worth $475 million. The acquisition was revealed on May 5 and aims to combine Lumen’s expansive fiber network with Alkira’s cloud-native software solutions designed for enterprise networking. Alkira was co-founded in 2018 by Pakistani brothers Amir Khan…
Saudi Aramco, the world’s largest oil exporter, announced a 25% increase in its first-quarter net profit, reaching $32.5 billion for the three months ending March 31, 2026. This rise comes amidst disruptions in oil shipping routes caused by the conflict between Iran and the United States, Reuters reported. The company’s total revenue also grew nearly…